Acquisition Of Buenaventura Stake In Minera Yanacocha

DENVER, CO - Newmont Corporation and Compañia de Minas Buenaventura S.A.A. (Buenaventura) announced that the companies have entered into a definitive purchase agreement through which Newmont will acquire Buenaventura’s 43.65% interest in Minera Yanacocha.

“Newmont has successfully operated in Peru for more than 30 years and has deep knowledge of the asset and the value it brings to Newmont stakeholders. Buenaventura has been an exceptional partner and we look forward to continuing a strong relationship,” said, Newmont President and CEO, Tom Palmer. “This acquisition gives Newmont control of the Yanacocha district where we are positioning the sulfides project for profitable production and value generation for decades to come. We are committed to continuing to be a catalyst for sustainable development in Peru by working closely with communities in the Cajamarca region and the Peruvian government.”